EURUSD: This is a bullish market. The price is still far above the EMA 21, though the Stochastic is now in the overbought territory. The next price target would be at 1.2950.
USDCHF: When EURUSD goes up, it is difficult for USDCHF to do the same; hence the current tendency is downtrend. The support level has been tested at 0.9350, and the price could breach it if the current market bias continues further.
GBPUSD: This is also in an uptrend. The cable has continued its slow and steady journey to the upside. The resistance level at 1.6000 has already been breached, while the price targets the resistance at 1.6150.
EURJPY: Looking at the chart that accompanies this analysis on the EURJPY, we would see that everything points northwards. The resistance level at 100.50 has been disrespected as the price sticks its neck further.
USDJPY: Unlike most of the others JPY pairs, the USDJPY has continued to show a vivid lack of strength. The support level at 77.50 is struggling to halt further downward trend. If it holds its ground, the price would rise.
